VanEck Advocates for Fair Process in SEC Approval of Spot Ethereum ETFs
Thursday, 23 May 2024, 05:45
VanEck Urges SEC to Respect Filing Order for Spot Ethereum ETF Approval
VanEck advocates for the SEC to maintain the filing order for spot Ethereum ETFs, emphasizing fairness and market integrity. The firm contends that the current practice of simultaneous approvals creates an uneven playing field and increases costs for early filers. Recent developments suggest a shift in approval odds and regulatory perspectives.
Key Points:
- Vaneck requests SEC to uphold first-come, first-serve order basis
- Increasing Approval Odds: Recent upgrades raise chances from 25% to a hopeful 75%
- Regulatory Requests: SEC seeks revisions to spot Ethereum ETF proposals by Nasdaq and Cboe
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